Iraq’s Civil Aviation Authority has officially reopened its airspace, ending a 72-hour closure triggered by Iranian missile strikes on Israel. The shutdown, which began June 6, grounded commercial flights and disrupted regional routing. The reopening follows Tehran’s signal that it is halting military operations against Israel-a development that could mark a critical inflection point for global markets.
Geopolitical instability continues to dictate capital flows. Bitcoin remains caught between its dual identity, acting as a digital safe haven during some crises while trading like a volatile tech asset during others. Meanwhile, prediction markets like Polymarket saw surging volumes as traders bet on conflict timelines and airspace restrictions.
For investors, monitoring these prediction platforms offers a real-time pulse on market sentiment. A sharp drop in conflict-related trading volume would signal broad confidence in sustained de-escalation. Sustained or spiking activity, however, suggests institutional capital still prices in significant regional risk.